Not-for-Profit Certificate II - Tax Compliance
This series of CPE courses is part of Not-for-Profit Certificate II. You will learn how to apply techniques to successfully prepare an exempt organization's IRS Form 990, identify when an organization may be liable for unrelated business income taxes and common exceptions and exclusions to reduce tax liability.
Format
Online
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
8.5
Author(s)
Brian Yacker
Availability
1 year
Product Number
165410
This video-based CPE course is included in Not-for-Profit Certificate II. This track can be purchased individually or as a part of the full Certificate Program.
Learn from the experts with this video-based, on-demand e-learning experience. Set yourself apart and get the tools and strategies you need to sharpen your skills in not-for-profit (NFP) tax compliance. The program builds on the core concepts as you get insights from industry leaders.
You will learn how to apply techniques to successfully prepare an exempt organization’s IRS Form 990. Also discussed is how to identify when an organization may be liable for unrelated business income taxes (UBIT) and the most commonly invoked exceptions and exclusions to reduce tax liability.
This CPE program contains e-learning exercises, targeted case studies, and detail-rich interpretations to create a flexible, dynamic learning experience you can complete online in your own time.
The Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA, H.R. 1) signed into law on December 22, 2017 took effect for the 2018 tax year and included some changes for NFPs. The tax courses included in the Not-for-Profit Certificates will be fully updated for the amendments of the TCJA at a future date. In the meantime, to assist you in understanding the requirements of the TCJA, we’ve added the following:
- Supplementary information regarding the TCJA changes, which you can access via the course resources link within each tax course.
- A recorded webcast presentation discussing the TCJA changes and how they affect NFPs. This additional course is not eligible for CPE credit, and you do not have to complete it to complete the certificate program.
Courses Included
- IRS filing requirements, including Forms 990 and 990-T
- Reporting thresholds
- Reasonable cause abatement
- Unrelated business income (UBIT), exceptions and exclusions
- IRS audit activity
- Public support test
- Establishing and protecting tax exemption
- Excess benefit transactions
- Common red flags
- Identify the process to prepare the Form 990 core form and accompanying schedules.
- Determine the effect of a particular transaction or significant event for Form 990 reporting.
- Distinguish between organizational and operational requirements to maintain federal tax-exempt status.
- Determine when an organization could be subject to unrelated business income taxes (UBIT) and differentiate between the more common exceptions and exclusions that apply.
Group ordering for your team
2 to 5 registrants
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